World economy talk

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posted on Sept. 1 (Page 780)

September is gonna be an interesting month

the US Congress told Obama he has to get their approval first before he can strike Syria and that's exactly what he did --- Obama asks Congress to OK strike on Syria ---- so an immediate strike on Syria has been postponed. Congress is on recess. they'll be back Sept. 9

there's the Fed decision on reduction of bond purchases

there's the August jobs report

there's the US budget (there are 2 upcoming budget fights. the first will be this month where Congress must pass legislation to continue funding the government. if there's no "continuing resolution" the US govt will shut down. the second will be next month where the US Treasury must get approval from Congress to raise the borrowing limit. if the limit isnt raised the US govt will default)

there's the nomination of the next Fed chairman

how time flies

so here we are

the US govt needs an emergency budget to keep operating after Sept 30

there's no budget yet

if there's no budget on Oct. 1 the US govt shuts down partially

Obama urges feuding Congress to avoid shutdown | Reuters

(Reuters) - President Barack Obama sternly warned the Congress on Friday against a government shutdown on October 1 as lawmakers struggled to pass an emergency spending bill that Republicans want to use to defund Obama's healthcare reform law.

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Italy in new crisis as PDL ministers resign - The Local

Centre-right ministers in Italy's fragile coalition government resigned Saturday, throwing the country into a fresh political crisis after Prime Minister Enrico Letta issued what they called an "unacceptable" ultimatum.

All five ministers of the People of Freedom(PDL) party took the decision at the urging of leader Silvio Berlusconi, said Angelino Alfano, Italy's deputy
premier and PDL party secretary.

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the House passes a bill that would delay Obamacare for 1 year



but even before the House voted on it, Democrat Senator Harry Reid said the bill is dead on arrival

and even if the Senate approves the bill Obama will veto it

the US govt will shut down on Oct 1

[c_cube]

Ano ba mangyayari pag nag shutdown?

Sent from my CM Omega HD 2.0 using Tapatalk 4

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US govt agencies will continue to operate but not with full staff

many govt employees will be told not to report for work

[wowiesy]

ano main reasons why congress wouldnt give budget sa usgovt? obamacare is what?

Sent from wireless device.

[wowiesy]

i suppose even if pork barrel system staryed from US e they use it differently...

Sent from wireless device.

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ano main reasons why congress wouldnt give budget sa usgovt? obamacare is what?

Sent from wireless device.

Obamacare is Obama's healthcare overhaul plan which the Republicans hate

Republicans don't want Obamacare implemented so they attached Obamacare to the budget talk

they want Obamacare defunded as a condition to passing the budget

that didnt work so voted to delay Obamacare for 1 year as a condition to passing the budget

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good morning

SYDNEY (Reuters) - U.S. stock futures and the dollar came under pressure on Monday as a shutdown of the U.S. government seemed increasingly likely, though the euro had political troubles of its own as the Italian government teetered on the edge of collapse.

The end result was a shift out of equities and toward safe havens including the yen, Swiss franc and some sovereign debt. U.S. Treasuries also benefited from a view that the economic damage done by a government closure would be yet another reason for the Federal Reserve to keep interest rates low for longer.

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S&P 500 e-mini futures